Investment
Investment , Acquisitions & Divestitures , Pipelines
Saudi Aramco Signs $12.4 Billion Pipeline Deal with EIG-led Consortium
The EIG-led group signed a lease and lease-back agreement with Aramco, acquiring the equity stake in the newly formed Aramco Oil Pipelines Co.
Investment , Health, Safety & Environment , Renewables
Bank of America to Deploy $1 Trillion for Sustainable Finance by 2030
Bank of America, which is the second largest U.S. bank, said the latest announcement puts its total commitment to sustainable finance by 2030 at $1.5 trillion.
Investment , Legislation , Emissions , Shale Plays
CEO of US Shale Giant Pushes to Incentivize Carbon Capture
Instead of a carbon tax, Vicki Hollub, CEO of U.S. shale producer Occidental Petroleum, says she prefers the use of tax credits incentivizing the development of carbon capture projects.
Investment , Exploration & Production , Legislation , Health, Safety & Environment
US House Bill Seeks $8 Billion for Abandoned Oil and Gas Well Cleanup
The bill authorizing $8 billion to plug and clean up abandoned oil wells nationwide is sponsored by Representative Teresa Leger Fernandez, whose home state of New Mexico is a major oil and gas producer.
Investment , Exploration & Production
Eni Plans to Invest $7 Billion in Angola over Next Four Years
The money will be invested by Eni and its joint venture partners in the country in exploration and production, refining and solar energy.
Investment , Digital Oilfield , Logistics
Andium Raises $15 Million in Funding Round Led by OGCI Climate Investments
Accelerates deployment of Andium’s next generation IIoT Remote monitoring capabilities focused on reducing emissions across the oil and gas sector.
Investment , Renewables , Acquisitions & Divestitures , Midstream
Buckeye Partners Buys Stake in US Renewable Energy Developer with New Partnership
The acquisition a majority stake in Swift Current Energy is being made as part of a new strategic partnership between Buckeye and Nala Renewables.
People , Investment , Policy & Regulations , Renewables
Canada’s Move Away from Fossil Fuels Threatens 450,000 Jobs
As countries around the world commit to reducing their emissions to meet global climate targets, advocates for a “just transition” say more must be done to ensure those working in fossil fuel industries are not left behind.
Investment , Exploration & Production , Emissions , Renewables
Carbon Tax Vital in Energy Transition, Oil Execs Say
While a carbon tax may drive certain desired behaviors during the energy transition, there is no one solution to the world’s emissions woes, oil industry executives say.
Private Equity , Investment , Health, Safety & Environment , Emissions , Shale Plays , Technology
Quantum, Capital Firms Invest in Denver-based Startup Project Canary
Driven by natural gas customer demand and broader ESG trends, Project Canary is working with nearly 100 partners across the energy sector, including investors, oil and gas producers, pipeline operators, utilities and LNG providers.